ICR: US Court and Cayman Islands Court: Sharing Jurisdiction in the Interests of Comity
This article first appeared in Volume 12, Issue 1. of International Corporate Rescue, published by Chase Cambria Publishing.
Gary Smith reviews the decision of the United States Bankruptcy Court Southern District of New York in re: Soundview Elite, Ltd., et al., Debtors (Case No. 13-13098 (REG)) as another good example of the willingness of the US courts to share jurisdiction in the interests of comity in cross border insolvency cases.
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